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Taiwanese still willing to spend on food, fun: study
Thu, 2 Jul 2009 22:13:00 GMT
Economist: China's economic recovery to be sustainable
Thu, 2 Jul 2009 22:11:00 GMT
Talk is that Ivanhoe may win approval in Mongolia
Thu, 2 Jul 2009 22:11:00 GMT
Ivanhoe Mines shares take hit on Mongolian leadership change
Thu, 2 Jul 2009 22:11:00 GMT
Dalai Lama meeting angers China
Thu, 2 Jul 2009 22:08:00 GMT
Doh! Dell has to honour $15 LCD price tag in Taiwan
Thu, 2 Jul 2009 22:08:00 GMT
China plans to start yuan settlement with ASEAN soon
Thu, 2 Jul 2009 22:05:00 GMT
Keating urges positive China stance
Thu, 2 Jul 2009 22:03:00 GMT
What China procurement can do for your business
Outsourcing procurement and supply chain operations to China has become an essential strategy for businesses to stay competitive in today's global market. Inexpensive labor is the primary driver for the rush of foreign businesses shifting all or part of their supply chains to China. Average Chinese wages are about 10% of that in the United States and Western Europe and 50% of the average wage in Mexico - a compelling advantage when labor is a significant component in the cost structure of your product. When managed properly, procurement operations in China can bring immense cost savings and increased profitability to your business.
China Sourcing: Common Pitfalls
Foreign companies may face significant challenges when shifting all or part of their supply chains to China. Language and cultural barriers, along with unfamiliarity with the local business environment, can make procurement in China problematic.
In particular, minimizing the risks and expenditure of China procurement can prove to be a daunting task for companies with limited resources and no local presence. To find the most suitable supplier and to ensure the quality and timely delivery of products, setting up local supervision (i.e. a local procurement office) is often a necessity. This can add to the time, complexity, and cost of sourcing products in China, ultimately reducing savings and profits.
Sourcing Made Easy
Download our the information pack to learn more about our company, our services, and information about China sourcing.
Our services are designed to help foreign companies instantly unlock the opportunities and benefits of contract manufacturing in China, while minimizing lead time and risks. We will identify suitable suppliers for your business and manage the production process on your behalf. Our clients can choose to have as much or as little involvement in the production process as they would like.
Choose Novomethod
Leverage our industry experience and established networks in the China market to ensure a seamless transition to China procurement. From product sourcing to supplier qualification, manufacturing assistance, quality inspection to logistics, we make sure that your supply chain needs in China are covered while you remain focused on your core business. Contact us today and discover what Novomethod can do for your business.